Short answer
Xencor Inc (XNCR) filed an 8-K current report with the SEC on April 27, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). New severance policy covers current named executive officers except the CEO, subject to participation agreements.
Xencor Inc 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- New severance policy covers current named executive officers except the CEO, subject to participation agreements
- Non-change-in-control termination benefits: 15 months’ base salary plus up to 15 months of COBRA premiums
- Change-in-control-period benefits add 15 months’ target bonus, prorated annual bonus, and accelerated equity vesting
- Enhanced protections apply from three months before through 12 months after a change in control
- Potential acquisition cost and retention protection increase, while excluding the CEO limits coverage scope
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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